IDFC Mutual Fund has declared dividend under IDFC Premier Equity Fund- Plan A and Plan B. The record date for dividend has been fixed as 29th March, 2011. The quantum of dividend for distribution will be Rs. 2.40 per unit for Plan A and Rs. 2 per unit for Plan B on the face value of Rs 10. IDFC Premier Equity Fund is an open-ended equity scheme with an investment objective to generate long-term capital growth from anactively managed portfolio of predominantly equity and equity related instruments. The fund is managed by Mr. Kenneth Andrade and is benchmarked against BSE 500.